fintech disruption in lending

FINTECH DISRUPTION IN LENDING 2019

The defi Team defi INSIGHT, Thought Leadership

Mentioned in the context of a technology discussion, disruption invariably means innovation. The world of finance is undergoing disruption, and as financial services organizations evaluate and adopt the latest fintech innovations, both the organizations and their customers are realizing the benefits.

credit risk management automation

THE BENEFITS OF CREDIT RISK MANAGEMENT AUTOMATION FOR LENDERS

The defi Team Automation, defi INSIGHT, defi LOS

For many lenders, credit risk management depends on years of experience. Their credit risk expertise is a mix of shrewd loan portfolio analysis and an innate intuition about borrower risk. While that may have worked in the past, credit risk management is shifting from human judgment to automated, data-driven lending decisions that assess credit risk far more accurately.

lender solution

BIG-TIME ANALYTICS FOR SMALLER LENDERS

The defi Team defi INSIGHT, defi LOS

Large lending institutions often have personnel dedicated to analytics. These professionals have backgrounds in statistics, knowledge of SQL query language, and can mine volumes of data for insights to improve lending performance. Smaller lenders rarely have such luxury.

loan origination automation

FOUR WAYS DECISION RULES DRIVE LOAN ORIGINATION AUTOMATION

The defi Team Automation, defi INSIGHT, defi LOS

Decision rules are a big reason why modern, cloud-based loan origination solutions are so efficient. Decision rules may be used in nearly every step of the process. They are the foundation for loan origination automation. Unlike legacy lending software, decision rules don’t need in-house programming skills or outside consultants to make loan origination process modifications. Instead, they are created and managed by using configuration menus.

fintech disruption in lending

IS IT TIME TO UPGRADE YOUR AUTO LENDING PLATFORM?

The defi Team defi INSIGHT, defi LOS

If you can’t remember when your current auto lending platform was originally implemented, it’s probably time to consider an upgrade. Technological improvements in recent years deliver functionality that dramatically improves loan origination efficiency, lowers overall processing costs, and supports well-informed lending decisions.

long-term auto loan

ARE LONG-TERM AUTO LOANS A BAD IDEA?

The defi Team defi INSIGHT, defi LOS

Q: Are long-term auto loans a bad idea?
A: It depends on who you ask.

If you ask borrowers, they can certainly rationalize why long-term loans are good. If you ask seasoned lenders and financial analysts, they’ll be more likely to point out the risks.